Spread before costs (cost unknown: a leg has no order-book sample)−0.068%
7d average—if it closes, per $10,000$7funding while held, a day−$8.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.61 | 0.0340 | pay 0.0340% / 8h | 6h 43m | $1.1M | $1.5M | 20x |
| Short | Paradex MSTR-USD-PERP | 166.50 | 0.0073 | get 0.0073% / 8h | 6h 43m | $67 | — | 5x |
BloFin MSTR-USDT
Paradex MSTR-USD-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.81
- Funding while held
- −$8
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$30.81
- Spread needed to break even
- 0.160%
Slippage unknown: BloFin: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0267%
- Per $10,000 a day
- −$8.00
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 1 min ago | 0.60 bp | 6.6 bp −$7 | 6.8 bp −$68 | 17.0 bp −$1,703 | 28.5 bp −$14.3K |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps166.40cheapest
Ondo PerpsParadex166.50+0.058%
tradeXYZ166.51+0.066%QFEX166.52+0.072%Lighter166.53+0.078%Binance166.53+0.078%SoDEX166.53+0.078%Coinbase International166.53+0.078%Extended166.54+0.082%Bitget166.54+0.084%Nado166.54+0.087%KuCoin166.55+0.090%Phemex166.55+0.090%Pacifica166.55+0.093%OKX166.56+0.096%RISEx166.57+0.102%Bybit166.57+0.102%Gate166.58+0.108%Deribit166.58+0.108%Polymarket Perps166.61+0.126%
tradeXYZ
QFEX
Lighter
Binance
SoDEX
Coinbase International
Extended
Bitget
Nado
KuCoin
Phemex
Pacifica
OKX
RISEx
Bybit
Gate
Deribit
Polymarket PerpsBloFin166.61+0.126%
Aster166.61+0.127%Orderly166.62+0.132%Aevo166.62+0.133%Arcus166.69+0.174%Vest166.70+0.180%Phoenix166.72+0.195%ApeX Omni166.79+0.234%edgeX166.83+0.256%Variational Omni167.02+0.373%Injective167.08+0.409%
Aster
Orderly
Aevo
Arcus
Vest
Phoenix
ApeX Omni
Variational Omni
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.126% | +0.0050% | 1h | $817K | $4.7M | 10x | as long as short |
| Paradex MSTR-USD-PERPshort | −0.068% | +0.0073% | 8h | $67 | — | 5x | |
| tradeXYZ xyz:MSTR | −0.060% | +0.0050% | 1h | $56.5M | $32.1M | 10x | as long as short |
| QFEX MSTR-USD | −0.054% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| Lighter MSTR | −0.048% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| Binance MSTRUSDT | −0.048% | +0.0220% | 8h | $91.1M | $574.1M | 50x | as long as short |
| SoDEX MSTR-USD | −0.048% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.048% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.044% | +0.0032% | 1h | $496K | $2.0M | 10x | as long as short |
| Bitget MSTRUSDT | −0.042% | +0.0253% | 8h | $28.7M | $111.7M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.039% | −0.0047% | 1h | $125K | $243K | 3x | as long as short |
| KuCoin MSTRUSDTM | −0.036% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Phemex MSTRUSDT | −0.036% | 0.0000% | 4h | $2.8M | $42K | 10x | as long as short |
| Pacifica MSTR | −0.033% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.030% | +0.0182% | 8h | $22.5M | $101.4M | 50x | as long as short |
| RISEx MSTR/USDC | −0.025% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Bybit MSTRUSDT | −0.024% | +0.0171% | 8h | $15.4M | $41.5M | 50x | as long as short |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.8M | $18.3M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.018% | +0.0411% | 1h | $283K | $455K | 10x | as long as short |
| Polymarket Perps MSTR-USD | 0.000% | +0.0050% | 1h | $404K | $2.3M | 10x | as long as short |
| BloFin MSTR-USDTlong | 0.000% | +0.0340% | 8h | $1.1M | $1.5M | 20x | |
| Aster MSTRUSDT | +0.001% | +0.0220% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.007% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Arcus MSTR-USD | +0.048% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.054% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Phoenix MSTR | +0.068% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.108% | +0.0100% | 1h | $31K | $1.5M | 50x | as long as short |
| edgeX MSTRUSDC | +0.130% | +0.0029% | 4h | $48K | $5.0M | 10x | as long as short |
| Variational Omni MSTR | +0.247% | +0.0177% | 8h | $1.3M | $2.2M | — | as long as short |
| Injective MSTR/USDC PERP | +0.282% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |